According to technical analysis;
Here's BTC's next 6-hour prediction:
Current Price: $67,360 - $BTC
Technical Analysis Summary:
- Trend: Uptrend (Golden Cross)
- RSI (14): 66.42 (Bullish Harmony)
- MACD (12, 26): Bullish Crossover (Green Light)
- 50-day MA: $61,443 (Support Fortress)
- 200-day MA: $49,533 (Long-term Foundation)
Indicator Signals:
- Moving Averages: Bullish Alignment (Uptrend Confirmation)
- Bollinger Bands: Expanding (Increased Volatility Ahead)
- Stochastic Oscillator: 78.15 (Overbought, but Still Rising)
Whale Activity:
- Increased Buying (Last 3 Hours, Bulls in Control)
- Moderate Selling (Bears Trying to Catch Breath)
Candlestick Patterns:
- Bullish Engulfing Pattern (Formed, Strengthens Uptrend)
- Hammer Pattern (Reversal Signs, But Uptrend Intact)
Support & Resistance:
- Support: $66,800, $65,800
- Resistance: $68,500, $70,000
Next 6-Hour Prediction:
- Uptrend: 75% (Bulls in Driver's Seat)
- Downtrend: 25% (Bears on the Back Foot)
Possible Scenarios:
1. Breakout above $68,500, targeting $70,000-$71,500.
2. Consolidation around $67,500-$68,500.
3. Correction to $66,800-$65,800.
Best Trade Setup:
Long Trade:
1. Entry: $67,500-$68,000
2. Stop-loss: $66,800
3. Take-profit: $70,000-$71,000
Short Trade (Caution):
1. Entry: $70,000-$70,500
2. Stop-loss: $71,000
3. Take-profit: $67,000-$66,500
Risk Management:
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
Additional Insights:
- BTC's price movement influences altcoins.
- Global economic news may impact BTC price.
Actionable Advice:
- Long-term holders: Hold tight.
- Short-term traders: Ride the uptrend.
- New entrants: Wait for confirmation.
- Check now....👇
